First National Trust Co Cuts Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

First National Trust Co reduced its stake in Constellation Brands, Inc. (NYSE:STZ) by 10.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,824 shares of the company’s stock after selling 3,898 shares during the quarter. First National Trust Co’s holdings in Constellation Brands were worth $8,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. BKM Wealth Management LLC bought a new stake in shares of Constellation Brands during the 4th quarter worth $28,000. Asset Dedication LLC lifted its stake in Constellation Brands by 3,833.3% during the third quarter. Asset Dedication LLC now owns 118 shares of the company’s stock worth $30,000 after purchasing an additional 115 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Constellation Brands in the 4th quarter worth about $37,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Constellation Brands during the 3rd quarter valued at about $41,000. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Constellation Brands during the 4th quarter valued at about $45,000. 77.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on STZ. BMO Capital Markets upped their target price on Constellation Brands from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Constellation Brands from $256.00 to $262.00 and gave the company a “hold” rating in a report on Wednesday, April 10th. UBS Group lifted their target price on shares of Constellation Brands from $312.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Evercore ISI upped their price target on shares of Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Finally, Piper Sandler started coverage on Constellation Brands in a report on Friday, March 22nd. They issued an “overweight” rating and a $300.00 price objective on the stock. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $298.55.

Insider Buying and Selling at Constellation Brands

In other news, CEO William A. Newlands sold 4,013 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $263.25, for a total value of $1,056,422.25. Following the sale, the chief executive officer now directly owns 5,395 shares of the company’s stock, valued at approximately $1,420,233.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO William A. Newlands sold 4,013 shares of Constellation Brands stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the completion of the transaction, the chief executive officer now directly owns 5,395 shares in the company, valued at $1,420,233.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James A. Jr. Sabia sold 15,781 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $263.63, for a total value of $4,160,345.03. Following the completion of the sale, the executive vice president now owns 20,910 shares in the company, valued at approximately $5,512,503.30. The disclosure for this sale can be found here. Insiders own 16.19% of the company’s stock.

Constellation Brands Trading Up 0.8 %

Shares of NYSE:STZ traded up $2.00 on Friday, hitting $256.08. The company had a trading volume of 735,854 shares, compared to its average volume of 1,409,209. The firm’s 50-day simple moving average is $260.83 and its two-hundred day simple moving average is $248.69. The firm has a market capitalization of $46.82 billion, a price-to-earnings ratio of 27.30, a P/E/G ratio of 1.73 and a beta of 0.95. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. Constellation Brands, Inc. has a 1 year low of $221.81 and a 1 year high of $274.87.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, April 11th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.10 by $0.16. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the business posted $1.98 earnings per share. Constellation Brands’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts anticipate that Constellation Brands, Inc. will post 13.51 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be issued a $1.01 dividend. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, May 2nd. This represents a $4.04 dividend on an annualized basis and a yield of 1.58%. Constellation Brands’s dividend payout ratio is 43.07%.

Constellation Brands Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.